Silvercorp deal for Adventus hits roadblock
Silvercorp Metals (TSX: SVM) says it’s reviewing plans to acquire Adventus Mining (TSXV: ADZN) after a local lawsuit challenged the target company’s environmental permit for its project in Ecuador. The…
Articles by Cecilia Jamasmie
BHP cuts employee incentives by 20% globally – report
BHP (LSE: BHP; NYSE: BHP; ASX: BHP), the world’s largest miner is reportedly reducing by 20% short-term incentives offered for the 2023-24 fiscal year to all employees, the Australian Financial…
Aus gold miner Ramelius refinances for $160M in debt
Australian gold miner Ramelius Resources (ASX: RMS) has secured a A$175 million ($160 million) revolving debt facility, along with government grants, to fund its operations and recent acquisitions. Banks including Australia and…
Rio Tinto puts $16.9M into graphite developer Sovereign
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is investing A$18.5 million ($16.9m) to increase its stake in Australia’s Sovereign Metals (ASX: SVM; LSE: SVML), which is advancing the Kasiya rutile-graphite…
Antofagasta updates on US$4.4B Centinela expansion
Chilean miner Antofagasta (LSE: ANTO) has started installing a second concentrator in a Centinela copper mine expansion aiming to increase the company’s total production of the wiring and plumbing metal…
Endeavour Mining pours first gold at Lafigué mine
Endeavour Mining (TSX, LSE: EDV) has poured its first gold at the new Lafigué mine in Côte d’Ivoire only 21 months after it began construction, which is ahead of the…
Amaroq gets enviro and social approvals for Greenland gold mine
Amaroq Minerals (TSXV: AMRQ; LSE: AMRQ) said Greenland’s government has approved its environmental impact assessment (EIA) and social impact assessment (SIA) for the Nalunaq gold project, clearing two key hurdles…
Ramelius takes stake in Spartan, rules out takeover
Australian gold miner Ramelius Resources (ASX: RMS) has acquired an 8.9% stake in rival Spartan Resources (ASX: SPR), which is developing the Dalgaranga gold project in Western Australia. The miners said…
Petra cuts latest sign of a down diamonds market
Petra Diamonds (LSE: PDL) has revised its guidance for the next two fiscal years and appointed a new finance leader as part of its plans to lower expenses and debt…
De Beers sales drop to US$315M amid search for new owner
De Beers’ sales of rough diamonds fell for the second time this year, with the Anglo American (LSE: AAL) unit recording a provisional US$315 million, down from US$383 million in…
Lundin Mining to up stake in Caserones copper mine to 70%
Lundin Mining (TSX: LUN) said on Wednesday it will increase its ownership of the Caserones copper-molybdenum mine in Chile to 70% by acquiring an additional 19% interest for US$350 million. …
China’s Ganfeng sues Mexico over lithium permit
China’s Ganfeng and two of its subsidiaries in Mexico have initiated an arbitration case against the country’s government over a cancelled mining concession for an advanced lithium project in the state…